Oil

Oil & Gas Supply

Russia Says to Deepen Oil Output Cuts While Easing Export Limits

Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tati…

Oil & Gas Trade

Iran to Reach 1.3 Bcm of Gas Output a Day in Five Years, Minister Says

Iran's gas output will reach 1.3 billion cubic metres (bcm) per day in five years, Iran's Oil Minister Javad Owji said on Sunday according to the semi-o…

LNG

US LNG Exports Fall in February on Outage and Fewer Calendar Days

A month-long closure at Freeport LNG plant in Texas and fewer days in the month pushed February U.S. liquefied natural gas exports 7% lower than in January, pre…

Oil Price

Oil Climbs 2%, Notches Weekly Gains Ahead of OPEC+ Decision

Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Lic…

Oil Pipeline

MEG Energy Says Canada's Trans Mountain to Start Line Fill From April

The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024…

Geothermal Power Plant

Fervo Energy Raises $244M for Geothermal Deployment

(Credit: Fervo Energy)Fervo Energy announced that it has raised $244 million in new funding led by Devon Energy, meant to enable Fervo’s next phase of gro…

Oil Price

Indian Government Hikes Windfall Tax on Petroleum Crude

A man pours petrol into an underground tank at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo Purchase Licensing RightsTh…

Oil & Gas Trade

UAE's ADNOC Closes Acquisition of 24.9% Stake in Austria's OMV

Abu Dhabi National Oil Company (ADNOC) said on Thursday it has formally closed the acquisition of a 24.9% stake in Austrian oil and gas group OMV (OMVV.VI), ope…

Oil & Gas Trade

Trinidad and Tobago Extends Deadline for Shallow-Water Oil and Gas Auction

Trinidad and Tobago on Thursday extended by almost two months a deadline to submit bids for an auction of shallow-water oil and gas blocks, the government said.…

LNG

Totalenergies Inks 16-Year LNG Supply Deal with Sembcorp

French energy major TotalEnergies and Sembcorp Fuels, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, have signed a sale and purchase agreemen…

LNG

EPS Inks Deals for Four Ammonia Dual-Fuel Bulkers, Two LNG Dual-Fuel Tankers

Singapore-based ship management company Eastern Pacific Shipping (EPS) has signed contracts with subsidiaries of China State Shipbuilding Corporation (CSSC) in …

LNG

Global LNG Demand Seen Rising in 2024 From China, Europe

Model of LNG tanker is seen in front of China's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/Files Purchase Licensing Right…

Oil & Gas Trade

Pertamina to Intensify Exploration in Indonesia's East Amid Higher Oil, Gas Output Targets

Indonesia's state energy company Pertamina wants to intensify its exploration efforts in the country's eastern regions, a senior official said on Wednes…

Oil Price

Cuba Reschedules Five-Fold Retail Fuel Price Hike for March 1

People stand in line with their cars to fill up on fuel after Cuba's government put off a five-fold increase in gasoline prices planned for February 1 due t…

LNG

BP Plans to Invest $1.5 Billion in Egypt Gas Projects

Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo Purchase Licensing Rights…